Iran's Cryptocurrency Transactions Decrease by 11% Due to Israel Conflict and Nobitex Hack

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 27 2025

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Decline in Cryptocurrency Trading: Iran's cryptocurrency market experienced an 11% drop in trading flows in 2025, attributed to escalating tensions with Israel and a significant hack affecting local exchanges.
Impact of Recent Events: The most substantial decline occurred during June and July due to the collapse of nuclear talks, a brief war with Israel, and power outages, which were exacerbated by Israeli cyber operations and government shutdowns.
Major Exchange Hack: Nobitex, Iran's largest crypto exchange, suffered a $90 million hack by a pro-Israel group, leading to decreased liquidity and prompting users to turn to riskier foreign exchanges.
Continued Reliance on Crypto: Despite challenges, many Iranians still depend on cryptocurrencies as a hedge against inflation and sanctions, using stablecoins for transactions and even political purposes, although illicit activities represent less than 1% of total volume.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

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Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	56284.382	60951.436	65565.882	70232.936	74847.382	79514.436	84128.882
Fibonacci	60951.436	64496.969	66687.403	70232.936	73778.469	75968.903	79514.436

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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